The session highlighted the importance of carbon finance in achieving Sustainable Development Goals (SDGs). Forests and trees outside forests have a huge potential for generating carbon finance and improving the livelihood of local communities, thereby directly contributing to SDG 5, 13, 14, and 15. Farm forestry and agro-forestry are two major sectors of improvement where carbon financing can be a win-win situation for both farmers and the government. Policy interventions, innovative financial mechanism, capacity building, and institutional mechanism play an important role for developing carbon finance projects. The importance of research and developmental studies in policy formulations in natural resource management has also been looked upon. The panellists agreed on the fact that there is a need to develop a national-level carbon-neutral policy to help strengthen the public–private partnership among different sectors. Nature-based solutions are an important sector to engage local communities and ensure their positive approach towards eco-restoration.

WSDS 2022 | Group A | Hemis
Thematic Track: Achieving Sustainable Development Goals through Carbon and Climate Finance – Forest Sector Experiences from Global South
Speakers:
Dr J V Sharma, Director, Land Resources, TERI
Mr Anupam Joshi, Senior Environmental Specialist, World Bank
Mr Sandeep Roy Choudhury, Director, VNV Advisory, India

To know more about WSDS 2022, visit: https://wsds.teriin.org/
#WSDS2022 #Act4Earth #SustainableDevelopment

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